Greenleaf Trust Sells 2,043 Shares of HF Sinclair Co. (NYSE:DINO)

Greenleaf Trust decreased its holdings in shares of HF Sinclair Co. (NYSE:DINO) by 25.5% in the 3rd quarter, Holdings Channel reports. The firm owned 5,973 shares of the company’s stock after selling 2,043 shares during the period. Greenleaf Trust’s holdings in HF Sinclair were worth $266,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of DINO. Poehling Capital Management INC. grew its stake in HF Sinclair by 0.3% in the 1st quarter. Poehling Capital Management INC. now owns 66,079 shares of the company’s stock worth $3,989,000 after buying an additional 203 shares in the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of HF Sinclair by 11.1% during the 3rd quarter. V Square Quantitative Management LLC now owns 2,262 shares of the company’s stock worth $101,000 after acquiring an additional 226 shares during the last quarter. Empirical Finance LLC grew its position in HF Sinclair by 1.2% in the second quarter. Empirical Finance LLC now owns 19,300 shares of the company’s stock worth $1,029,000 after acquiring an additional 228 shares in the last quarter. Fifth Third Bancorp increased its stake in HF Sinclair by 6.7% in the second quarter. Fifth Third Bancorp now owns 4,258 shares of the company’s stock valued at $227,000 after acquiring an additional 267 shares during the last quarter. Finally, Matrix Trust Co raised its position in HF Sinclair by 122.4% during the third quarter. Matrix Trust Co now owns 576 shares of the company’s stock valued at $26,000 after purchasing an additional 317 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DINO has been the subject of a number of research reports. Wells Fargo & Company cut their price objective on HF Sinclair from $54.00 to $53.00 and set an “overweight” rating for the company in a report on Wednesday, October 9th. Scotiabank cut their target price on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Mizuho decreased their price target on shares of HF Sinclair from $53.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, October 10th. Wolfe Research assumed coverage on shares of HF Sinclair in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. Finally, Morgan Stanley decreased their target price on shares of HF Sinclair from $63.00 to $57.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $55.82.

HF Sinclair Stock Performance

HF Sinclair stock opened at $43.01 on Friday. HF Sinclair Co. has a 1-year low of $42.42 and a 1-year high of $64.16. The firm has a market cap of $8.26 billion, a P/E ratio of 5.32 and a beta of 1.16. The company has a current ratio of 2.12, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average of $45.84 and a 200-day moving average of $50.50.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The firm had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.65 billion. During the same period last year, the company earned $2.60 EPS. The business’s quarterly revenue was up .2% compared to the same quarter last year. Sell-side analysts expect that HF Sinclair Co. will post 2.32 EPS for the current year.

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.00 annualized dividend and a yield of 4.65%. HF Sinclair’s dividend payout ratio (DPR) is presently 24.75%.

About HF Sinclair

HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.